TQGD.TO vs. ETP.TO

Last updated Jul 18, 2026

TQGD.TO (TD Q Global Dividend ETF) and ETP.TO (First Trust Global Risk Managed Income Index ETF) are both Global Equity Income funds - TQGD.TO tracks the MSCI World Index (Total Return) while ETP.TO tracks the Nasdaq Global Risk Managed Income Index. Both are passively managed. Over the past 5 years, TQGD.TO returned 14.15%/yr vs 3.80%/yr for ETP.TO. At a 0.16 correlation, their price movements are largely independent.

Performance

TQGD.TO vs. ETP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Q Global Dividend ETF (TQGD.TO) and First Trust Global Risk Managed Income Index ETF (ETP.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TQGD.TO achieves a 16.14% return, which is significantly higher than ETP.TO's 5.10% return.

TQGD.TO

• 1D: -0.87%
• 1M: 1.95%
• 6M: 12.06%
• YTD: 16.14%
• 1Y: 26.74%
• 3Y*: 19.10%
• 5Y*: 14.15%
• 10Y*: —

ETP.TO

• 1D: 0.05%
• 1M: 0.74%
• 6M: 4.82%
• YTD: 5.10%
• 1Y: 10.80%
• 3Y*: 9.87%
• 5Y*: 3.80%
• 10Y*: 3.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TQGD.TO vs. ETP.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TQGD.TO TD Q Global Dividend ETF	16.14%	16.45%	17.67%	15.06%	-2.95%	26.09%	-9.55%	5.90%
ETP.TO First Trust Global Risk Managed Income Index ETF	5.10%	9.03%	11.18%	5.68%	-10.84%	6.08%	-0.95%	1.86%

Correlation

The correlation between TQGD.TO and ETP.TO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019	0.16

The correlation between TQGD.TO and ETP.TO shifts across timeframes, from -0.01 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TQGD.TO vs. ETP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TQGD.TO

TQGD.TO Risk / Return Rank: 91
TQGD.TO Sharpe Ratio Rank: 92
TQGD.TO Sortino Ratio Rank: 92
TQGD.TO Omega Ratio Rank: 91
TQGD.TO Calmar Ratio Rank: 91
TQGD.TO Martin Ratio Rank: 92

ETP.TO

ETP.TO Risk / Return Rank: 92
ETP.TO Sharpe Ratio Rank: 95
ETP.TO Sortino Ratio Rank: 95
ETP.TO Omega Ratio Rank: 95
ETP.TO Calmar Ratio Rank: 87
ETP.TO Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TQGD.TO vs. ETP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Q Global Dividend ETF (TQGD.TO) and First Trust Global Risk Managed Income Index ETF (ETP.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TQGD.TO	ETP.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.90	-0.38
Sortino ratio: Return per unit of downside risk	3.58	4.28	-0.70
Omega ratio: Gain probability vs. loss probability	1.46	1.58	-0.12
Calmar ratio: Return relative to maximum drawdown	4.44	3.90	+0.54
Martin ratio: Return relative to average drawdown	16.96	16.53	+0.43

TQGD.TO vs. ETP.TO - Sharpe Ratio Comparison

The current TQGD.TO Sharpe Ratio is 2.52, which is comparable to the ETP.TO Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of TQGD.TO and ETP.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TQGD.TO vs. ETP.TO - Drawdown Comparison

The maximum TQGD.TO drawdown since its inception was -32.60%, which is greater than ETP.TO's maximum drawdown of -26.38%. Use the drawdown chart below to compare losses from any high point for TQGD.TO and ETP.TO.

Drawdown Indicators

	TQGD.TO	ETP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-32.60%	-26.38%	-6.22%
Max Drawdown (1Y) Largest decline over 1 year	-6.05%	-2.81%	-3.24%
Max Drawdown (3Y) Largest decline over 3 years	-15.51%	-5.73%	-9.78%
Max Drawdown (5Y) Largest decline over 5 years	-15.51%	-15.30%	-0.21%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.38%	—
Current Drawdown Current decline from peak	-1.43%	0.00%	-1.43%
Average Drawdown Average peak-to-trough decline	-4.87%	-3.26%	-1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	0.66%	+0.92%

Volatility

TQGD.TO vs. ETP.TO - Volatility Comparison

TD Q Global Dividend ETF (TQGD.TO) has a higher volatility of 3.44% compared to First Trust Global Risk Managed Income Index ETF (ETP.TO) at 0.70%. This indicates that TQGD.TO's price experiences larger fluctuations and is considered to be riskier than ETP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TQGD.TO	ETP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	0.70%	+2.74%
Volatility (6M) Calculated over the trailing 6-month period	8.61%	2.90%	+5.71%
Volatility (1Y) Calculated over the trailing 1-year period	10.69%	3.78%	+6.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.77%	5.86%	+11.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.52%	7.13%	+17.39%

Dividends

TQGD.TO vs. ETP.TO - Dividend Comparison

TQGD.TO's dividend yield for the trailing twelve months is around 2.64%, less than ETP.TO's 3.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETP.TO First Trust Global Risk Managed Income Index ETF	3.62%	4.03%	3.73%	4.15%	3.25%	2.93%	3.78%	3.76%	4.33%	4.08%	3.84%	4.28%
TQGD.TO TD Q Global Dividend ETF	2.64%	2.89%	3.39%	3.65%	3.89%	3.26%	4.85%	0.35%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TQGD.TO and ETP.TO in my portfolio?

TQGD.TO and ETP.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between TQGD.TO and ETP.TO?

TQGD.TO tracks MSCI World Index (Total Return), while ETP.TO tracks Nasdaq Global Risk Managed Income Index. They also come from different issuers: TD and First Trust.